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【$BULLA Signal】Short squeeze setup, buy on dip
$BULLA 1H level rapid surge, price has broken above the upper Bollinger Band, RSI soared to 92. The 4-hour MACD has a golden cross with the histogram continuously expanding, open interest remains above one billion, with no signs of fund withdrawal. Buying depth is solid, and the support orders below are clearly intended.
🎯Direction: Long
⚡Entry/Order: 0.00631 - 0.00647
🛑Stop Loss: 0.00610
🚀Target 1: 0.00794
🚀Target 2: 0.00867
🛡️Trade Management:
- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back to the entry level, automatically exit to protect capital.
The 4-hour candlestick remains above all moving averages, and the Bollinger Bands are opening upward, indicating a strong momentum. Although the 1-hour level is overbought, open interest has not shrunk, suggesting this is not just retail chasing highs. The funding rate is close to 0.1%, indicating a short squeeze foundation. Currently, the price is far from the 1-hour EMA20, making chasing the high risky with poor risk-reward ratio. Patience is advised to wait for a dip to the dense moving average zone, where the profit-to-loss ratio can exceed 4 times.
View real-time market 👇 $BULLA
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